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Carnarvon Energy (CVN) investor relations material
Carnarvon Energy Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
A$97.0m cash, no debt and a US$90m Dorado development carry support preparation for a 2027 Bedout drilling campaign.
Dorado remains FEED-ready, with pre-FEED work indicating potential plateau production of ~60,000 barrels of oil per day.
Financial highlights
Cash and cash equivalents were A$97.038m at 30 September 2026, versus A$97.678m at the prior-quarter end; no debt.
Quarterly operating cash flow was A$26k, including A$1.283m interest received; investing cash outflow was A$533k and financing cash outflow A$53k.
Administrative, corporate and staff costs were funded by interest earned on cash holdings.
Outlook and guidance
2027 Bedout campaign expected to cost less than A$20m for two wells, funded from cash reserves; upcoming-quarter exploration spend forecast at A$900k–A$1.2m.
Upcoming-quarter corporate and other costs forecast at A$500k–A$800k.
Dorado is expected to be FID-ready after an abbreviated FEED process; first oil is estimated ~3 years from FID.
Dorado net upfront capex estimated below US$200m, including the existing US$90m development carry.
- Strategic investment in Strike, expanded Bedout resources, and strong cash position despite FY26 loss.CVN
H2 2026 - 2027 Bedout Sub-basin drilling targets major resource growth, with Dorado FEED-ready and funded.CVN
Investor presentation - A$98M cash and a 92% resource boost position the company for major 2027 Bedout drilling.CVN
Q4 2026 TU - Bedout resources up 92% to 6.2bn boe; major drilling and FEED-ready Dorado set for 2027.CVN
Status update - Dorado and exploration assets position the company to meet Australia's urgent oil supply needs.CVN
Corporate presentation - A$98 million cash, no debt, and Bedout drilling on track for H1 2027.CVN
Q3 2026 TU - Half-year loss of $1.8M, strong cash, and strategic investment in Strike Energy.CVN
H1 2026 - Strong cash, no debt, and strategic moves position for major exploration and development in 2027.CVN
Q2 2026 TU - A$86 million invested in Strike Energy, with strong cash reserves and Bedout drilling delayed to 2027.CVN
Q1 2026 TU
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